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Article Date: February 2018
Word Count: 505

Skechers Tops $4 Billion on Strong Jump in International

A $100 million tax charge resulted in a Q4 loss of $66,650,000 against income of $6,664,000 last year as revenues increased 27% to $970,589,000 from $764,290,000, driven by a 40% jump in international wholesale, a 12% increase in domestic wholesale, and a 26% gain in owned global retail. Sales included an estimated $20 to $25 million of sales pulled forward from Q1 ’18. Adjusted net income was $33,287,000 in the final quarter excluding the tax charge required by the tax reform act, which included a deferred tax asset write down and a one-time tax on accumulated overseas profits. Gross margin ... Log in to view full article.


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